Angel Investment in Scotland, 2018-2023 : Entrepreneurship and Innovation Observatory Discussion Series

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MacKenzie, Niall (2025) Angel Investment in Scotland, 2018-2023 : Entrepreneurship and Innovation Observatory Discussion Series. Fraser of Allander Institute, Glasgow.

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Abstract

Scotland has one of the most mature angel markets in the world, hosting both the oldest continually running angel syndicate in Archangels (formed in 1992) and the oldest national association for angels in LINC Scotland/Angel Capital Scotland (formed in 1993). LINC Scotland has collected significant data on annual performance measures of deal flow, value, location, and composition since shortly after the inception of the market. This edition of the EIO discussion series presents headline results from the last five years of the market’s operation which are based an ongoing research project conducted by Professor Niall G MacKenzie of the Hunter Centre, looking at the development and economic impact of the early-stage risk capital market in Scotland.

ORCID iDs

MacKenzie, Niall ORCID logoORCID: https://orcid.org/0000-0003-3769-7086;
CORE (COnnecting REpositories)